Planned Giving

Giving for All

Everyone interested in improving life for people in our community should have the opportunity to support high-quality, compassionate health care. Through simple methods, planned givingallows everyone to give . . . and every gift matters.

HolidayGift Idea

Help Your Community, Help Yourself and Lower Your Taxes

Many ways exist for you to give a gift to help your community as well as help yourself with tax savings. By giving to the Baystate Health Foundation, you support quality healthcare close to home for you, your family and everyone in the region, and you make tax savings a reality for yourself.

Here are some easy ways to save on your tax bill while supporting Baystate Health:

Give using a credit card – Create tax savings this year and pay it off next year. Call 413-794-5444 to ask about credit card contributions.

Give appreciated securities – stocks, bonds, mutual funds, dividend reinvestment plans, etc. – for income tax and capital gains savings. Your charitable deduction from taxable income is for the full value of the securities you contribute just like cash and you avoid capital gains tax.

Tax Savings from Giving Cash

Tax Bracket

25%

28%

33%

35%

Gift Amount

Tax Savings for You

$100

$25

$28

$33

$35

$500

$125

$140

$165

$175

$1,000

$250

$280

$330

$350

$5,000

$1,250

$1,400

$1,650

$1,750

Tax Savings from Giving SecuritiesWhen giving securities in Massachusetts , you can avoid capital gains tax by donating your securities directly to the Baystate Health Foundation. Your gift amount increases by the 20% that the government would have taken in capital gains taxes.

Give from your IRA and take advantage of the new tax law passed by Congress. This is a time-limited incentive for the 2006 and 2007 tax years. If you are over age 70 1/2, the new law permits you to make a tax-free gift from your IRA. By instructing your IRA trustee to send a gift directly from your IRA to the Baystate Health Foundation, you avoid taxes.

Here’s how it works: When you withdraw funds from your IRA, you pay income taxes on the amount you take out. In 2006 and 2007, your IRA trustee may send a gift directly to Baystate Health Foundation. The gift counts towards your required distribution amount and what would have gone to the tax collector can be used instead to help Baystate Health.

For example: Under this plan, a $1,000 gift at the 35% tax bracket becomes a gift of $1,538. And it doesn’t matter whether you itemize deductions or not.